Finding the most affordable auto insurance on the internet can be impossible for consumers not familiar with buying insurance online. With so many choices of online companies available, how can anyone effectively compare every company to locate the cheapest rates?
It is always a good idea to check auto insurance prices yearly because rates trend upward over time. Even if you think you had the best price for Cutlass Supreme insurance two years ago you will most likely find a better rate today. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to one of the best ways to buy cheaper auto insurance.
The price of auto insurance can be rather high, but there are discounts available to help offset the cost. Larger premium reductions will be automatically applied at quote time, but some must be inquired about before they will apply.
As a disclaimer on discounts, most discount credits are not given the the whole policy. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, companies don’t profit that way. Any qualifying discounts will help reduce the amount you have to pay.
For a list of insurance companies offering car insurance discounts, follow this link.
It’s important that you understand the factors that go into determining insurance coverage rates. Knowing what determines base rates enables informed choices that could result in much lower annual insurance costs.
Listed below are a few of the “ingredients” insurance coverage companies consider when setting premiums.
When buying coverage, there really is no cookie cutter policy. Your needs are not the same as everyone else’s.
Here are some questions about coverages that might point out if your situation would benefit from an agent’s advice.
If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, complete this form.
Understanding the coverages of a auto insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording.
Medical expense insurance
Medical payments and Personal Injury Protection insurance pay for expenses for things like chiropractic care, ambulance fees, surgery, prosthetic devices and rehabilitation expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Liability car insurance
Liability insurance can cover damage or injury you incur to other people or property that is your fault. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.
Liability can pay for claims like medical expenses, repair bills for other people’s vehicles and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.
Collision protection
This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as crashing into a ditch, sideswiping another vehicle, crashing into a building, driving through your garage door and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Protection from uninsured/underinsured drivers
This provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Oldsmobile Cutlass Supreme.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these limits do not exceed the liability coverage limits.
Comprehensive (Other than Collision)
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers claims like falling objects, damage from a tornado or hurricane, hitting a bird and hail damage. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Drivers leave their current company for many reasons like extreme rates for teen drivers, high prices, lack of trust in their agent or poor customer service. It doesn’t matter why you want to switch choosing a new insurance company is easier than you think.
When shopping online for insurance, it’s not a good idea to buy less coverage just to save a little money. In many instances, someone sacrificed liability limits or collision coverage only to discover later they didn’t have enough coverage. Your aim should be to purchase plenty of coverage for the lowest price while still protecting your assets.
In this article, we covered many ways to reduce 1993 Oldsmobile Cutlass Supreme insurance prices online. The key thing to remember is the more you quote, the higher the chance of saving money. You may even discover the lowest rates come from some of the lesser-known companies.
Additional insurance information is located on the following sites: